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PBS
Nov 20, 2012 5:00pm PST
to their neighbor's economies. chinese and south korean officials have already begun talks on a free trade deal between their countries. now negotiators involved in discussions for another free trade zone in the asia pacific say they hope to conclude an agreement by the end of next year. they're trying to strike a deal for what's known as the trance pacific partnership or tpp. leaders of seven of the 11 countries discussing the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to elimite taffs and they're still divided on other issues such as whether they will allow exemptions to the rules. australian prime minister julia gilliard said an ambitious deadline would be to reach agreement by next oblt. the negotiators will meet again next month in new zealand. >>> january 1, 2013 marks more than just the new year. for americans it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about t fiscal cliff and everyone is talking about it including the u.s. federal reserve
MSNBC
Nov 27, 2012 5:00pm PST
money. and the average person needs that $2,000 in his pocket to drive the economy. saying that tax breaks for the rich drive consumers lower down to spend is like saying you could start your car by pouring gasoline on the hood. there's no proof, there's no factual data to support it. it's completely a sham to say that. >> and he's a business owner. we need more members of congress to sound like that. if the president is trying to achieve solidarity on raising the top tax rate, these are the voices that can come through for them with that message in a big way. an owner of an automobile supply company says she supports the plan even if it means her own personal rates will go up. . >> i would have higher tax rates, but r more important and more crucial, the middle class would be spending about $3,000 more. >> harry reid kept the focus on the president's winning campaign message of letting the tax cuts expire on incomes over $250,000 a year. >> the people who have done so well during this difficult time with the economy, the richest of the rich are going to have to pay a little more to
CSPAN
Nov 27, 2012 8:00pm EST
've spent a good deal of your career working on, mr. hall, has been the improvement of the american economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift the debt limit. and all of these issues are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican
PBS
Nov 27, 2012 5:30pm PST
ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: washington's struggle to avoid going off the "fiscal cliff" resumed in earnest today. the president moved to draw on his reelection victory for new clout with congress. the goal: a sweeping deficit agreement to avert $650 billion in spending cuts and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matt
CNBC
Nov 28, 2012 4:00am EST
's really thinking that we're going to get this full 3.5%, 4% gdp hit smack into the economy on january 1st. the problem is that time is marching on. we've had the election, we've had thanksgiving. the excuses are running out. the lame-duck session is only so long. that's probably why the markets are getting nervous. although you may get a deal done in q-1 rather than in q-4, the fact that it actually hits from january 1st is going to keep business very cautious, very defensive and that's going to worry the equity market. >> it's interesting because it also comes against the landscape where we've seen chinese equities underperform, they reminded us very few of its member countries have great growth prospects going forward. that's probably wise. people are saying why is it that across the globe the u.s. fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. b
CNN
Nov 26, 2012 1:00pm PST
that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments quickly caught fire. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed and the economic situation is different. >> i'm not obligated on the pledge. i made tennesseans aware, i was just elected, that the only thing i'm monitoring is the oath that i take when i serve when i'm sworn in this january. >> reporter: gop lawmakers bluntly stating to alert the fiscal cliff, they're ready to break from grover norquist and the pledge he's got most republicans to sign to never raise taxes. norquist waste nod time hitting back on cnn's s"starting point" >> it doesn't pass the laugh test. if you want to go to your voters and say, i promised you this and i'm breaking that problem, you can have that conversation with them. but you don't have an argument with me. you've made a c
MSNBC
Nov 27, 2012 8:00am PST
return to a normal economy that returns about 18.5%, that would increase revenue an additional over $400 billion per year, that's $750 billion of revenue per year through economic growth. and the president, his proposal would raise 1/10 of that but would put at risk the economic growth and that $750 billion. so -- >> sir, with all due respect, though -- >> counterproductive. >> that's an answer to the question. there's nothing you see over the next 35 days that would have you break that pledge with grover norquist? >> no, because raising taxes harms the economic growth. you get ten times the revenue by economic growth rather than punishing success. and, again, all of us are saying president obama, show us your plan for restraining the size of government, that's the main problem. again, his revenue proposal would raise $68 billion when we have over $1 trillion worth of deficit. where's the other $1 trillion in his balance plan? mr. president, show us your plan. >> sir, one thing, mitch mcconnell has said that revenue is on the table as long as entitlements would be on the table. conductin
CNBC
Nov 21, 2012 4:00am EST
this drags on, the uncertainty continues to hurt the economy and continues to undermine markets. >> james nixon, thank you. autonomy's ceo says he's shocked by allegations of mismanagement. they've been forced to take a nearly $9 billion charge because of what it called serious improprieties. lynch says the trouble arose after hp took over the company. >> we've been talking about a massive elephant in the room that wasn't spotted. the reason it wasn't spotted is very simple, it wasn't there. it was done, in their own words, meticulously and great detail. and then they actually ran the company, including doing all of the books for the last four quarters. >> hp shares down 12% yesterday, closing on a ten-year low right now. that is the euro's closing price. >>> still to come later, he's now apologized to the investors for the poor call and says the end for hp is not even sight. >>> also, japan has posted its worst trade deficit in october for more than three decades. exports dropped sharply amid territorial tensions between tokyo and beijing. it indicates the world's third biggest economy i
PBS
Nov 26, 2012 6:00pm PST
assess what makes consumers spend, and what impact all those purchases have on the economy. >> brown: we have two stories about continuing unrest in the middle east, beginning with the political crisis in egypt. >> suarez: then, in her final report from turkey, margaret warner looks at the growing clout of syria's kurdish minority, and the impact that's having on the other side of the border. >> brown: when does a co-worker count as a supervisor? that question was before the supreme court today in a case about harassment. marcia coyle explains. >> suarez: and we examine new figures from the pew research center showing that young voters played a decisive role reelecting president obama. >> brown: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. an
CSPAN
Nov 25, 2012 2:00pm EST
and argues that it hurts the economy. this is about 40 minutes. >> and howard hughes for research at the manhattan institute. thank you for joining us. the question of whether and how governments, particularly the federal government direct tax dollars to industries was a discussion last night presidential debate and is becoming an ongoing theme in the campaign. the term on which the finance and industries have also been the focus of intense debate, but probably the most contentious example of all is the one on which diana furchtgott-roth of the manhattan to senior fellow and speaker this afternoon focuses and are tightly regulating to disaster, have green jobs policies are damaging america's economy. in fact, she subjects the assumptions and policies which led to such elevated as of now bankrupt seller paid no manufacture as well as the electric car battery manufacturer to a withering analysis, which we at the institute have come to expect from this oxford trained economist who served as chief of staff of the council of economic advisers -- sorry. during the administration of pres
FOX News
Nov 23, 2012 10:00am PST
, we will ask a business expert what fewer shoppers means for the overall economy. rick: shifting gears now overseas, the hamas terrorist group is accusing israel of breaking the ceasefire rules agreed to only a couple of days ago, two days after a truce was reached along the israel/gaza border. the shooting death of a palestinian man today could threaten the already-fragile agreement. conor powell is live in jerusalem with the very latest. >> reporter: well, rick, given that the level of trust between israel and hamas is so low, expectations for this ceasefire were even lower. but it appears to have passed its first major hurdle. earlier today several hundred palestinians went to the border between gaza and israel, some reportedly there to check on land across the border in israel, others were, no doubt, hamas sympathizers testing the ceasefire. but as israeli trooped told them to back off from the border area, they refused, and israeli troops opens fire killing one palestinian. both israel and hamas accused the other ofhe ceasefire agreement, but neither side took steps to escal
PBS
Nov 27, 2012 7:00pm PST
want a five-year extension. they argue major economies may not be able to agree to severe reduction targets over the long-term. japanese delegates say they will not join the extended protocol. they want to continue using something called the clean development mechanism. it allows rich countries to earn carbon off sets by providing funds and technology to poor nations to help them reduce their emissions. >>> the people in charge of the site of the world's worst nuclear accident say they have taken a big step in cleaning it up. workers have raised part of a permanent shelter around a reactor at the nuclear plant in chernobyl. the area around the plant is highly contaminated. the workers raised an arched section that will surround the destroyed unit. the number 4 reactor was covered with a concrete and metal structure after the explosion in 1986. the so-called stone coffin deteriorated and could release radioactive substances. they began believe the new shelter in april to go around it. it is 250 meters wide and 105 meters high. government officials say engineers designed the structure
MSNBC
Nov 25, 2012 11:00am PST
obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll hear from new york congressman, gregory meeks, as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore in arlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to start there. we have "new york times" columnist david broo
FOX News
Nov 24, 2012 3:00pm PST
have to give a comprehensive bill. >> our economy right now needs skilled workers, about people who want to come here and we should fix the system that's broken and not only that family friendly and keeps families together and some families have one member of the family come here on a green card and they have to wait several years before they're reunited and this bill corrects that. >> they can't work once they get here, but they can come and be with their families. >> gentlemen, thank you so much, good see you both. >> thank you. >> pope benedict xvi, elevating six new cardinals today. you may remember he elevated cardinals last february, but the new group is made up entirely of non-europeans including one american. and today's choice will help choose his successor. >> and with the crowning of the six new cardinals, appropriate benedict is it putting his seal on the papacy and decades to follow. appointing well over half the men who will vote for his successor. while all are fairly young, the cardinals stand out for what they're not. they're neither european or italian. and the car
CSPAN
Nov 28, 2012 7:00am EST
, we had huge surpluses because of the strong economy over the 1990's and deficit-reduction plans put in place over the 1990's. the government had the choice to spend that on programs, or returned it to tax payers, and the bush administration decided to return the money to taxpayers. over the following year's tax rates were lower. it was renewed in 2010 in a tax deal between president obama and congressional republicans at a time when the economy was weak and the feeling was they could not take an increase in taxes. host: what was the desired effect and did it happen? he called the desired effect was to give people more of their income back, and that happened, as wealthy people got more income back, more moderate income earners got some back. one of the questions is how it effects economic growth, and it is an unresolved area of economic research. did it did help the economy -- did it help the economy? it is hard to say. we had a good economy in the 2000's before the crisis. now we have a huge crisis. on balance, it probably did not help that much. host: can you calculate if jobs were
CSPAN
Nov 27, 2012 10:00am EST
. energy is the lifeblood of a thriving economy and society. our future in energy provides the opportunity to significantly assist us in exiting our economic difficulties with jobs and new opportunities in abundance. we need reliable, affordable, and environmentally responsible in terms of supply. i say it is an important day because i believe we find ourselves at a unique point in history at the confluence of urgency and opportunity to them that we should make no mistake about it. -- and opportunity. we should make no mistake about it. if you examine the national intelligence council's global trends 2025 report, you'll find the word "energy" is one of the most repeated factors driving global security over the next 10 to 15 years. this means that achieving well conceived long term objectives depends on visionary action. the defining feature is about being pro-active. not reactive. this demands a sense of urgency and collegiality among the global community them back for the u.s., the united states, it is another critical challenge for our leadership responsibilities the world over. the prop
MSNBC
Nov 28, 2012 9:00am PST
economy, it would be good for our children's future. and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but -- the place where we already have in theory at least complete agreement, right now, is on middle-class taxes. and as i've said before, we have two choices. if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. starting january 1st, every family in america will see their taxes go up. a typical middle-class family of four, would see its income taxes go up by $2200. that's $2200 out of people's pockets. that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition and middle-class families just can't afford that right now. by the way, businesses can't afford it either. yesterday, i sat down with some small business owners who stressed this point. economists predict that if taxes go up on the mi
PBS
Nov 23, 2012 5:30pm PST
on tonight's newshour. >> major funding for the pbs newshour has been provided by: ♪ ♪ ♪ moving our economy for 160 ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: demonstrations, clashes with the police, and tear gas in tahrir square-- familiar scenes in egypt nearly two years ago that led to the fall of longtime leader hosni mubark. but today, they were aimed at egypt's new leader. in the coastal city of alexandria, opponents set fire to the offices of president mohammed morsi's political party, the muslim brotherhood. there and elsewhere in egypt today, the president's critics and supporters clashed in the streets over his decree yesterday exempting himself from judicial review, and
CNN
Nov 25, 2012 4:00am PST
's no connection between our scientific understanding of the age of the earth and the economy. >> let me direct you there. let me disript you there and read you that quote because this was another part of his answer to gk saying that's a dispute among theologans and it has to do with with the economic comment or the united states. i think the age of the universe has zero to do with hour our economy is going to grow. what do you make of this. >> the reason we have smartphones and televisions is we're able to talk on opposite sides of the content. the classic thing for me is smoke detectors. we understand the nuclear reactions. without that deep understanding we wouldn't have everything that you can touch and see in our viern. so this claim that has nothing to do with the economy is just wrong. i'm not going after anybody's religion. that's not it. just the earth is not six or 10,000 years old. that's not. and furthermore, we rely on this -- on these discoveries for our everyday life, especially here in the developed world. >> bill nye's opinion there. >>> one trucker is lucky to be alive. take a loo
PBS
Nov 20, 2012 6:30pm PST
assurances that the nation's economy is sound after u.s. credit rating agency moody's stripped them of their prize the a.a.a. status. this follows the cut by standard and poor's and it was expected. >> hollande is trying to revive the eurozone the second-largest economy. moody's had nothing good to say about france's economic prospects. they say the country has become less competitive and its labor market has turned staid. they say this makes them more bolt -- vulnerable to turbulence elsewhere in the eurozone. the french finance minister moscovici rejected the you downgrade. >> this does not put into question the fundamentals of our economy or reforms utaken hat by the government. it does not? creditworthiness. >> he blames the previous french government for failing to balance the budget. nonetheless, he says the downgrade is exaggerated. private u.s. rating agencies like moody's are subject to much flak in europe. critics say they gave ailing wrote u.s. banks operating as in 2008. many want the establishment of an independent rating agency instead. >> the european markets take the
FOX News
Nov 27, 2012 7:00pm PST
and the economy. we agree with that. but if your number one priority is jobs and the economy, you don't grow the economy and create jobs by raising taxes on small businesses, the very people who create those jobs. >> greta: white house press secretary today jay carney when asked when the next meeting with congressional members would be, the answer was, quote, it would come at the appropriate time. >> nobody knows what that means. >> greta: that's my point. look, all of you have had a vacation, campaigning, doing that for the last three months. you've been about this fiscal cliff for a year and a half. now the president is going out to do, as you say, campaigning. the press secretary says there will be a meeting between leaders at the appropriate time. the appropriate time seems like pretty much right now. >> well, it is. what you're seeing by the president and democrats is an attempt to run out the clock. i think they think they gain leverage if the pressure builds toward the end of the year. frankly you're hearing a lot of prominent democrats saying we should go over the fiscal cliff and le
NBC
Nov 26, 2012 3:00am PST
the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> we are joined now by our roundtable, andrea mitchell and david brooks. former ceo of hp carly fiorina. al sharpton is here. and we're pleased to have ken burns. his new film "central park five" debuted in new york on friday. and we'll be talking about that. ken, great to see you. hope you all had a great thanksgiving. now we're looking ahead, because things are going to get serious in washington. amid all the holiday parties for the president, he has to try to get a fiscal deal. reverend al, based on what you've heard here today, don't we have to deal with the tax fight first before the president moves on to anything else? and do you sense that republicans are prepared to do that? >> i think we're going to have to deal with the question of where the tax rates go. no question about it. friday before last, the president met with 12 progressive leaders. i was there. the same day he had ju
CSPAN
Nov 21, 2012 1:00pm EST
and then they looked at taxes, the economy, jobs, and they went to the president. >> what is an emerging trend in technology or how people consumer information that will have implications for 2014? the leading edge? >> that is a good question. the prevalence of people getting their information online has exploded. you look as swing voters and how little they are watching tv, we all had three places you got your news from. now they get their nightly news from 15 sources. jon stewart is an important moment from that. if you are a democratic-leaning woman, you love rachel maddow. getting to those people is harder. they are way more online than anyone. you have to go to where they are. campaigns will spend more and more of their money online than ever before. until it reaches parity with television. >> and you think television will still be big in 2016. >> it is going to be the dominant media but online is going to catch up very quickly. i think it already is catching up for young voters who are looking -- >> within a couple cycles? >> no question. i think the next election is going to have to dec
FOX News
Nov 27, 2012 10:00am PST
government it will pay for, regardless of the impact on jobs or the economy, or america's standing in the world. these are the ones who have recklessly ignored the fact that we can't keep running trillion dollar deficits every year and throw a tantrum if someone suggests that maybe the taxpayers shouldn't keep subsidizing ever last program washington ever dreamed up. they are reckless and ideological approach threatens our very future. and anyone who is serious about solving the problems we face should ignore all of that starting with the president. megyn: meantime some of the president's supporters unleashed and ad blitz targeting key lawmakers reportedly spending close to $300,000 on an ad buy that talks about increasing taxes but leaving spending alone. here is part of that. >> how do we move our country forward and reduce the deficit, by creating jobs and growing our economy not by cutting programs that families rely on most. megyn: join me now is stu varney, who is host of varney & company. and chris stirewalt. you have all the unions unleashing and ad blitz to target the home
FOX News
Nov 27, 2012 6:00am PST
that would avoid that potentially devastating fiscal cliff that is looming over the u.s. economy right now. the president is meeting with small business owners at the white house today. he had a series of meetings with different business leaders over the last week. despite the warnings that the talks are stalling on capitol hill stuart varney joins me now, host of "varney & company" on fox business network. >> good morning, martha. bill:. martha: what are you hearing how this is going? >> it is impasse basically. the republicans said yesterday they accommodated the democrats they will agree to get more money from wealthy people from higher taxes but mitch mcconnell, senate republican leader, he says there has been no similar compromise from the democrats or the president. he says they are still holding out for higher tax rates on the rich and he says the radical left is prescenting the democrats and president and agreeing to serious reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion.
Current
Nov 27, 2012 5:00pm PST
the economy and if we do that on january 15th and it is a good deal, i would much prefer that over doing a bad deal on december 15th for face-saving on the january 1 fiscal cliff drop dead date. >> eliot: you're among the group that have been called the cliff jumpers. i don't know how you take that phrase but you've been willing to say let's go over the cliff. it will not be as dangerous and as cataclysmic as people are saying. >> i'm in good company. warren buffett. basically this artificial deadline is not a cliff. it is a slope. the bottom line is we've got to get a good deal. something that is sustainable and durable and not hit the panic button and then try to spin what is a bad deal as a good deal because that won't be sustainable after january 1st. >> eliot: that's not only correct on substance. unless we say that, the other side will stick us up and hold us to the deadline and get us to flinch at the end which unfortunately has been the history of the white house in the last couple of years. your wisdom there, i
FOX News
Nov 27, 2012 10:00pm PST
the election, his number-1 priority will be jobs and the economy. we agree with that. but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to while you are campaigning the last 3 months. have you known about this fiscal cliff for a year and-a-half. now the president's going out, friday, to do, as you say, campaigning. the press secretary says there will be a meeting between the leaders at the appropriate time. that seems like it's right now. >> it does. to me, what you are seeing with the president and the democrats, is sort of an attempt to run out the clock. i think they think they gain leverage if the pressure builds. you are hearing a lot of prominent democrats saying,
MSNBC
Nov 21, 2012 9:00am PST
is getting his economy back on track and to do that he needs the help of the international community and the united states. so he's got to carefully try to balance these two issues. i think he recognizes that a conflict along, you know, egypt's border with israel is not in egypt's interest any more than it's in israel's interests. so -- but these are people who have long been in opposition and they're having to learn to balance these political calculations as they go forward. >> right. and there's no rest after election day when you're the active president. p.j. will stay with us as we turn to another discussion right on point with president obama's foreign policy team. many republicans are attacking ambassador susan rice, a top candidate to replace secretary of state clinton. the senate has spiked some key nominations from president obama before, from elizabeth warren to nobel peace prize winner peter diamond. there is one number that suggests obama is likely to win this battle. we will look at the math after the break on "now." so you say men are superior drivers? yeah. then how'd
MSNBC
Nov 27, 2012 6:00pm PST
a downturn in the economy in january, then the republicans are going to say, see, we told you, even though they created the problem. >> david cay johnson, great to have you with us. that's "the ed show." "the rachel maddow show" starts right now. good evening, rachel. >> good evening, ed. thanks, man. thank you for staying with us for this hour. the acting director of the cia met for more than an hour with senators john mccain and lindsey graham along with the u.n. ambassador susan rice. the three senators emerged from the meeting saying they were honored by the fact that the cia director would meet with them, just three random senators and not in some official capacity testifying before committee on the hill. they appreciated the fact that the administration and the intelligence community was going to such lengths to e swaj their concerns to personally answer their questions about the libya attack in a closed-door meeting with the cia director himself, even though these are just three random senators. the senators said their questions were answered as reasonably could be expected a
CNN
Nov 27, 2012 11:00am PST
, and they're not interested in raising taxes, they think it is a bad idea for the economy. the only way to have a stimulus to the private sector is to leave more money in the private sector. the other thing that folks in kentucky don't understand is that why is it a fiscal cliff to cut spending? most people in our state think we're spending too much money up here and we should cut spending. in fact, the majority of congress voted for this sequester. why was it a good idea a year ago and now it is not a good idea. >> on spending and spending cuts, you may have something in common with the president, which i want to get to. you mentioned the people in your great state of kentucky and, look, we know and we're all hoping they're out and about shopping, it is holiday season, and in terms of the timing with this -- with this deal, you know, hopefully getting done before january 1, a lot of people want to avoid the tax increase that will automatically happen as people are paying those holiday bills, right? >> here's my question. if it is bad to raise taxes on everyone, why is it good to raise
MSNBC
Nov 28, 2012 11:00am PST
the economy if you raise tax rates on the top two rates. it will hurt small businesses, hurt our economy. >> so let's bring in the political panel on this topic for today. erin mcpike back with us and david goodfriend, democratic strategist and contributor. thank you for sticking around. let's bring in the element of tom cole, a republican of oklahoma. doesn't get more red than oklahoma. let's play what he said regarding support and passing the middle class tax cut. >> in my view, we all agree we won't raise taxes on people making less than $250,000. we should take them out of this discussion right now. >> what is the issue with that? >> well, what congressman cole has really shown is that there's an imminent amount of good logic and sense in preserving the current tax rates for 98% of americans for a lot of reasons. one of which is the gdp dependent on consumer spending. 0% of the economy is consumer spending. if you take $2,000 on average out of pockets of consumers, it's going to hurt the economy so right away you have a low tax good economic rational behind it but there are politics
CNN
Nov 28, 2012 1:00pm PST
taxes which we think would be harmful to the economy. and if you look at how much revenue that raises, $68 billion next year, that funds a government for less than a week. and it does potential significant harm to the economy and raises taxes on the very people we are asking to go out and create jobs. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the fiscal cliff? >> well, if we do that, wolf, i think what you have to do is also defer the issue of taxes. i think you extend tax rates some time into the foreseeable future whether that's six months or a year and allow us to go through the process where we can deal with entitlement reform and tax reform in regular order.
KCSMMHZ
Nov 26, 2012 6:00am PST
dealing with the economy. 21% replied reforming social security. and 11% cited energy policy, including the use of nuclear power. the disapproval rate for prime minister yoshihiko noda's cabinet hit a record high at 64%. that's a three percentage point increase from a week ago. the approval rate remained unchanged at 22%. voters were also asked who they would prefer as prime minister. the two choices were the incumbent yoshihiko noda, who heads the democratic party, or shinzo abe, leader of the opposition's liberal democratic party. 21% of respondents chose noda. 26% favored abe. but almost half, or 49%, said they wanted neither. >>> japan's top government spokesperson says officials are gathering information in anticipation of a possible missile launch by north korea. u.s. satellite images indicate north korea recently transported what are thought to be long-range ballistic missile parts. japan chief cabinet secretary osamu fujimura says his government closely monitors missile-related activities in north korea. >> translator: we will work harder to gather and analyze information and wi
FOX News
Nov 28, 2012 12:00pm PST
we should have a balanced approach to deficit reduction that doesn't hurt the economy or hurt middle class families. glad to see if you have been reading the pains more and more republicans in congress are agreeing with this idea we should have a balanced approach. >>shepard: he referenced some in the g.o.p. who signal they could be willing to play bull. the republican leadership still is insisting they will not consider tax hikes. >> republicans are willing to put revenue on the table the it is time for the president and democrats to get serious on the spending problem our country has. >>shepard: president obama continues the p.r. blitz. later today he is scheduled to meet with big business leaders to discuss the proposed fix to the fiscal cliff. ed henry is live with us at the white house. what seem it is to be lost in this is the tax cuts going to expire. that's it. if they want to extend them on some, they can. but he will not allow it on people who make more. what part of this is confusing? >>reporter: a lot of other pieces that are confusing because no one wants to come to the
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